The automotive industry is growing fast, with increasing demand for hybrid and electric vehicles. It’s no surprise that investors are flocking to the segment to get in early on companies set to profit from this shift in demand.
These days, green cars are a hot topic. The world is more aware than ever of the environmental impact of our actions, and people are making changes as a result. More and more consumers are interested in eco-friendly transportation options, leading to explosive growth for hybrid car manufacturers and electric vehicle makers.
In fact, global sales of electric vehicles have almost doubled from 2017 to 2018 alone! Investing in electric car stocks might be an excellent way for you to profit from this trend while also helping the environment at the same time. Keep reading to learn about some solid US EV stock ideas you can research today.
What to Look for When Researching US Electric Vehicle Stocks
There are a few key points to consider when researching electric vehicle stocks. First of all, you’ll want to find out how much investment potential US EV stocks have. After all, if the sector is overly saturated, it might not be worth your time.
However, if you expect the market to grow a lot, you’ve got a promising investment opportunity on your hands. You’ll also want to think about the risks associated with the sector. EVs are a new technology and are likely to experience some growing pains as they expand. For example, there are concerns surrounding the supply of the minerals used in EV batteries. Will there be enough of these materials to meet demand? Plus, EV makers also face regulatory and competitive risks as they expand. You’ll want to consider how these risks could impact your investment.
Top #5 Electric Vehicles Stocks: US EV Stocks
Electric cars are becoming more commonplace on the roads, and there’s now a range of companies you can invest in to profit from this growing trend. While electric vehicle (EV) manufacturers such as Tesla and Nissan have led the way, there are now a variety of other stocks that you can invest in to profit from this trend.
For example, many auto manufacturers offer hybrid or fully electric models as standard, while others have launched electric car subscription services and invested in EV manufacturing. There are also a number of other stocks that you can invest in to benefit from this growing trend.
Tesla Motors Inc. (TSLA)
Tesla Motors Inc. (TSLA) is the leading manufacturer of electric cars in the world. They have several models of electric vehicles, including the Tesla Roadster, the Tesla Model S, the Tesla Model X, and the Tesla Model 3. Their cars are known for their sleek design and great horsepower.
While Tesla is a relative newcomer to the EV market, they have made a huge impact on the industry. Their cars are known for being stylish and high-end, and they can compete with hybrid vehicles in terms of efficiency. Since Tesla is one of the first companies to push for sustainable transportation, they have a lot of potentials to grow as the EV market expands. Investors consider Tesla to be a very safe bet, which is why the stock is often recommended for beginners.
BYD Co. Ltd.
BYD Co. Ltd. is a Chinese manufacturer of electric cars and batteries. The company was established in 2003 and is one of the leading suppliers of electric vehicle parts in the world, which has helped its stock price soar in recent years. BYD has a wide range of products, including electric buses and trucks.
In fact, the company is one of the top companies in the world for producing electric buses. BYD has been profiting from the rise of electric car stocks for quite some time now and has a strong position in the market. The company is also really focused on diversifying its product line and bringing more innovations to the EV market. As a result, BYD could have excellent long-term growth potential.
Nissan Motor Co. Ltd.
Nissan Motor Co. Ltd. (NSANY) is a Japanese manufacturer that specializes in electric vehicles. Their most popular models are the Nissan Leaf, the Nissan e-NV200, and the Nissan Rogue. Nissan has been producing electric cars since 2009, so they are a well-established player in the EV market.
Nissan has managed to carve out a strong niche in the EV market, particularly in Europe. The company has been able to expand beyond Europe, though, and is now a major player in the EV trade. Nissan has some excellent brand recognition and has a leg up on many of its competitors. However, the company has been facing some issues with its supply of electric car batteries. If it can overcome this problem, Nissan will likely continue to grow rapidly.
Hyundai Motor Co. Ltd.
Hyundai Motor Co. Ltd. (HYMTF) is a South Korean manufacturer that specializes in electric vehicles. Hyundai has been producing electric vehicles since 1998 and is one of the oldest and most established players in the EV market. Hyundai’s line of electric cars consists of the Hyundai IONIQ and the Hyundai IONIQ Electric.
The company has also developed a hydrogen fuel cell vehicle, the Hyundai Nexo. Hyundai is another well-established player in the electric vehicle industry. The company has a strong position in the market and has a wide range of electric cars to choose from. Hyundai also has some strong partnerships with other companies in the EV industry. For example, they recently partnered with Google to develop self-driving cars.
General Motors Co. Inc.
General Motors Co. Inc. (GM) is a well-known American manufacturer that specializes in electric vehicles. The company has been producing electric cars since 2010 and is one of the more established players in the EV market. General Motors has a large number of different electric cars. These include the Chevrolet Bolt, the Chevrolet Volt, the Chevrolet Malibu Hybrid, and the Chevrolet Volt.
GM is one of the largest manufacturers of hybrid vehicles in the world and has a strong reputation in the industry. The company has been growing steadily since the Great Recession and has a promising future. GM is another company that has faced issues with the supply of electric car batteries. However, the company has overcome this obstacle and appears to be growing steadily.
Concluding Thoughts
Electric vehicle stocks are red-hot right now. According to the Electrification Coalition, an electric vehicle advocacy group, electric cars represented just 0.6% of global auto sales in 2010. Fast-forward to 2020, and the EC expects electric car sales will have grown to about 20% of new car sales globally.
This is great news for investors because it means electric vehicles are here to stay, which makes it a smart time to think about investing in stock from companies that manufacture and sell these types of vehicles.